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Showing 11 - 20 of 18835 results for "Act"

ASIC bans former NextGen Financial Group directors

KARREN VERGARA  |  FRIDAY, 24 JUL 2026
ASIC banned two former NextGen Financial Group directors from working in financial services for three years for failing to comply with Australian Financial Complaints Authority (AFCA) determinations. Nicholas Duncan Jeremy Brookes and Vittorio Vincenzo ...

Macquarie chair provides 'cautious' outlook at AGM

ELIZA BAVIN  |  THURSDAY, 23 JUL 2026
Macquarie Group provided an update on the first quarter of its 2027 financial year, with outgoing chief executive Shemara Wikramanayake saying trading conditions were "satisfactory" for the three months to 30 June 2026. Macquarie Asset Management (MAM) ...

Aussie Olympian's brother sentenced over crypto scam

RIDDHIMA TALWANI  |  THURSDAY, 23 JUL 2026
The brother of Australian breakdancing Olympian 'Raygun' has been sentenced 12 months' imprisonment for his role in a global cryptocurrency scam. Earlier in the year, former finance director Brendan Gunn pleaded guilty to dealing with more ...

ASIC simplifies guidance to improve capital raising activity

MATTHEW WAI  |  THURSDAY, 23 JUL 2026
ASIC is simplifying the sell-side regulatory guidance in a move to spike capital raising activity, in line with its simplification effort which commenced in September 2025. The proposed revamp of Regulatory Guide 264 Sell-Side Research (RG 264) is in ...

Fund managers unsure about expenditures on AI

MATTHEW WAI  |  THURSDAY, 23 JUL 2026
While budgets for artificial intelligence (AI) capabilities continue to grow across the fund management industry, many aren't sure if they are spending the right amount, new Clearwater Analytics research found. According to the study, which included ...

Global X launches global SMID ETF

VINNY VUCAGO  |  WEDNESDAY, 22 JUL 2026
Global X ETF has expanded its international equity range with the launch of the Global X MSCI International Small and Mid-Cap ETF (ASX: ISMD), offering Australian investors low-cost exposure to small- and mid-cap companies across developed markets outside ...

Crole exits Sequoia effective immediately

KARREN VERGARA  |  WEDNESDAY, 22 JUL 2026
... subsidiaries. Crole exits amidst corporate regulator ASIC's action against InterPrac, alleging its advisers failed to act in clients' best interests. Together, InterPrac representatives Venture Egg and Rhys Reilly Pty Ltd advised about 6843 clients ...

Praemium reaches $78bn in FUA with HNW focus

MATTHEW WAI  |  WEDNESDAY, 22 JUL 2026
The company said its effort targeting the high-net-worth segment has worked out to its favour, as performances across its platform and non-custodial portfolio administration business have pushed its total funds under administration (FUA) to $77.9 billion ...

FEATURE | Platforms | The investment supermarket

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
... Federal Court against Equity Trustees and Diversa Trustees, both trustees-for-hire, externally licensed companies appointed to act as trustee for a fund rather than the trustee sitting inside the same business that runs the platform. ASIC alleges both ...

KPMG finds new chief executive

RIDDHIMA TALWANI  |  TUESDAY, 21 JUL 2026
The embattled consulting firm has named a new chief executive, choosing to promote from within after former chief executive Andrew Yates stepped down in June in the wake of the whistleblower scandal. KPMG named chief financial officer John Sams as its ...